ALBANY, N.Y. - The deadline to file your tax return is midnight on Monday, April 15th.
More than 75 percent of Americans file their taxes electronically, however some people may still prefer to mail their taxes. Either way, Monday is the tax deadline and if you haven't finished your taxes by Monday at midnight, it is time to take action.
Mike Zovistoski with UHY LLP in Albany says the first thing last-minute filers need to do is figure out what their tax situation is. If you are due a refund, you will not be penalized any late fees. If you owe the government money and haven't finished your return, get organized.
"You don't want to rush to file a tax return because if you rush you are bound to make errors," Zovistoski said. He says a mistake is the last thing you want on your tax return, so in order to avoid that and thousands of dollars in fees, the best bet might be to file an extension online.
"You receive an extra six months to file your taxes, until October 15th," Zovistoski said. "Late filing penalties are five percent a month up to 25 percent."
An extension won't allow more time to pay, but there are options there too: The IRS may allow you to set up a payment plan, you could consider paying with other means such as a credit card, a 401K, or savings account.
For more information visit http://www.irs.gov/
Some post offices stay open late on Tax Day. The post office on Karner Road has extended hours until 7:00 p.m. Monday and the post office at Colonie Center mall will be open until 8:00 p.m.
The IRS has some advice for taxpayers who missed the tax filing deadline.
IRS Offers Tips for Taxpayers Who Missed the Tax Deadline:
341 Northern Blvd., Albany, NY 12204
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